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| 20 Greenway Plaza, a 433,132-SF, Class A creative office building located in the Greenway submarket of Houston, TX |
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| H. Dan Miller |
HOUSTON, TX
–– HFF announces that it has closed the sale and arranged
financing for 20 Greenway Plaza, a 433,132-square-foot, Class A creative
office building located in the Greenway submarket of Houston, Texas.
HFF
represented the seller, Principal Real Estate Investors, and procured the
buyer, Stockdale Capital Partners.
Additionally, HFF placed the
seven-year, fixed-rate acquisition loan with Cigna Realty Investors.
20
Greenway Plaza is positioned within Greenway Plaza, which is one of Houston’s
strongest office submarkets.
The property is surrounded by high-end amenities and a wealthy
well-educated workforce residing in the affluent residential neighborhoods of
River Oaks, West University and Bellaire and has immediate access to major
thoroughfares, including U.S. 69, Westpark Tollway and Interstate Loop
610.
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| Trent Agnew |
The 10-floor project was most
recently renovated in 2014 and is 95% leased to a diverse tenant roster,
including Merrill Lynch, Sunnova Energy Corp, REALEC Technologies, Mitsubishi
and Koch.
The
HFF investment advisory team representing the seller was led by senior managing
director H. Dan Miller and managing director Trent Agnew.
HFF’s
debt placement team was led by senior managing director Wally Reid.
Holliday
GP Corp. ("HFF") is a Texas licensed real estate broker.
About
Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $79.4 billion in commercial real estate assets (as of March 31, 2019).
Principal Real Estate Investors manages or sub-advises $79.4 billion in commercial real estate assets (as of March 31, 2019).
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| Wally Reid |
The firm's real estate
capabilities include both public and private equity and debt investment
alternatives. Principal Real Estate Investors is a dedicated real estate group
of Principal Global Investors, a diversified asset management organization and
a member of the Principal Financial Group®.
CONTACTS:
H. DAN
MILLER, CCIM, SIOR
TX Lic. #0289851
HFF Senior Managing Director
(713) 852-3500
WALLY REID
HFF Senior Managing Director
(713) 852-3500
KRISTEN MURPHY
HFF Director, Public Relations
(617) 848-1572
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